Staff Writer
Waica re Zimbabwe Manager-Life Clementine Chinyuku has been elected the Insurance Institute of Zimbabwe (IIZ) president, taking over from Tatenda Katoma.
In her acceptance speech at the recently held conference, Chinyuku said more work needs to be done to bring insurance to the people but also relevant and meaningful products.
“Increasing insurance awareness can help demystify our industry
By Gandy Gandidzanwa & Itai Mukadira
That economic misfortunes have a direct impact on the pension fund sector has never been questioned or doubted. Could the reverse be true though – that pension fund sector sub-par management could negatively hurt an economy?
That economic misfortunes have a direct impact on the pension fund sector has never been questioned or doubted. Could the reverse be
Staff Writer
The healthcare sector has been challenged to adopt a culture change and a change of priorities so that people embrace a culture of investing in health through taking medical aid cover instead of prioritising investing in burial.
Association of Health Funders of Zimbabwe (AHFoZ) chief executive Shylet Sanyanga at the association’s 2024 annual conference recently said before being buried,
Staff Writer
HARARE, The insurance industry is battling confidence issues due a myriad challenges including legacy issues mainly embedded in economic issues.
But the landscape is shifting with the industry remaining resilient despite these challenges.
Tony Van Niekerk (TN) who is the Owner and Editor for the Cover Publications believes that the Zimbabwean insurance industry is very
Staff Writer
THE business of insurance operates within a complex environment shaped by economic, digital, and geopolitical uncertainties.
According to Zimbabwe’s Finance Minister Mthuli Ncube, as the industry navigate through a rapidly changing global economic landscape, the importance of the insurance industry becomes even more pronounced.
The world is witnessing unprecedented technological advancements,
Staff Writer
Harare, Total expenditure for Pension Fund Administrators amounted to $96 billion in the quarter to March 2024, against an income of $70,7 billion, resulting in a loss of $25,5 bln.
According to the Ipec Pensions Report for the quarter under review total expenditure was mainly comprised of salaries and wages, operating expenses, commissions and rentals.
Salaries and wages at $50,51 billion
Staff writer
Insurance and Pensions industry regulator, IPEC has stopped dissolutions of about 372 funds that were earmarked for dissolution to allow conclusion of the pre-2009 compensation.
The Justice George Smith-led Commission of Inquiry constituted in 2015 found some policyholders and pension scheme members were prejudiced by the conversion process during dollarization and recommended they be
Staff Writer
Insurance industry regulator, Ipec says life assurers should take appropriate measures to safeguard their products from possible abuse in high-risk jurisdictions where they are offering services.
In its life assurance report for the March 2024 quarter, Ipec said six life assurances indicated the existence of branches in areas considered to be domestic high-risk areas, such as artisanal
HARARE, When authorities in 2022 sought to compensate for loss of value caused by the 2019 currency changes through a US$75 million Kuvimba disbursement, the process was met with several hurdles.
Key among the hurdles in this compensation, was data integrity and the Treasury made several calls for the regulator, the Insurance and Pensions Commission (Ipec), to ensure the matter was resolved.
Treasury
By Gandy Gandidzanwa and Itai Mukadira
If there is one thing that has been proven over and over again in the last two decades, it is that the ZSE alone cannot be relied on for value preservation. Some investment management pundits are though quick to counter this by demonstrating that it has beaten official price inflation over the period. A deeper analysis, however, shows how dismally it has fared